According to the Comptroller and Auditor General (CAG), the National Hydroelectric Power Corporation (NHPC) has completed just two of 16 planned power projects due to its inefficiency, as reported a media agency. This led to losses of Rs 14,700 crore and missed 10-year target of 11,813 mw of power when country suffering a power deficit of 17,000 mw.
NHPC and the Power Ministry caused a loss of 10,000 mw of power by not following procedure and trying to help private companies. The timely completion of projects would have satisfied 70% of India’s power shortfall.
The Power ministry planned to take 30 months for pre-investment activities of the projects, but the power companies wasted 80 months. As many as 11 projects in the north and the east are being run by government-owned NHPC. Also, in five out of the 16 contracts, NHPC relaxed criteria to please the five private companies.
